Oil Earnings Telling the Story of Differing Views on Crude

Dan Dicker, energy contributor at TheStreet, talks with Jill Malandrino, director of Options Action, of the similarity and differences in the quarterly reports of the major oil companies and mini-majors. All of the big oil companies similarly reported lower profits from reduced oil prices and they also almost all reported a cutback in capital expenditures. But inside the reports, there were subtle differences to be seen. For example, Chevron (CVX) seems more sanguine about low oil prices, while a company like Royal Dutch Shell (RDS.A) is being far more careful. Inside the reports were some clues on who to invest with, based on their forward strategies. Dicker thinks that the most nimble company with the most cash to spend will retain the advantage and consequently likes Exxon-Mobil (XOM) best.